Earnings Report /
Sri Lanka

Lion Brewery Ceylon: 4Q FY21 - At-home consumption to lead FY22E volumes

  • Revenues increase QoQ; we expect strong momentum in FY22E

  • Currency impact and commodity prices mitigated; GPM to be maintained

  • We maintain our TP of LKR 700/share and BUY rating

Asia Securities
28 May 2021
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